Parsons Secures Significant Contract To Continue Managing Faro Mine Remediation

• Parsons Corp (NYSE:PSN) has secured a contract to provide main construction management and care & maintenance (MCM-C&M) services at Faro Mine in Faro, Yukon, Canada. The contract could span over 20 years and exceed $2 billion.
• Parsons has supported the Government of Canada, Yukon Government, First Nations, and the Town of Faro in remediating the site since 2016.
• Under the contract, Parsons will provide site management services, including overall occupational health and safety, environmental and geotechnical management; project management; construction management; and procurement services. Parsons will also continue to be responsible for the care and maintenance of the site.
• Price Action: PSN shares are trading higher by 1.90% at $33.32 on the last check Wednesday.